Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-10-26-Speech-4-168"

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"en.20001026.7.4-168"2
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". Following the introduction of the quasi euro, everyone has noticed that withdrawing money from their bank accounts becomes more expensive when they cross the border. The old exchange rate difference between buying and selling has been replaced by a fixed levy per money withdrawal. If, in 15 months’ time, the same coins and notes are introduced in 11 Member States, it will be more expensive to get hold of that single currency outside the country in which you live. The same irritation is felt when it comes to the high bank charges for small non-domestic payments. For the people living in our countries, the borders are simply maintained, even if the countries pass many of their powers to the European Union, and national banks merge across the borders. Apart from the UEN, which is acting as a mouthpiece for the French banks, every group is in loud protest against this state of affairs. But what do we do about it? Commissioner Bolkestein replied that he believes the problem can be solved by research and free competition rather than price regulation. His passivity is the best guarantee for permanent charges and continuing frustration. As long as banks are only designed to make huge profits and are not brought under democratic control, this abuse will continue to exist."@en1
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"- Karamanou report (A5-0287/2000 ) A5-0287/2000"1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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